About 1,500 institutional investors from around the globe, with assets approaching $40 trillion, have pledged to divest their fossil fuel holdings, according to 350.org…
Speaking of 350.org, they’re in the new this week. Overspending, it seems.
www.politico.com/news/2022/02/20/350org-mckibben-boeve-keyst…
The group that revived a slumbering environmental movement by focusing on big targets was flying high. It was no longer just a plucky collection of friends from a Vermont college and their luminary founder, Bill McKibben. It was a global force. The $800,000 retreat at a five-star luxury resort in Killarney, Ireland in March 2019 proved it.
The rise for 350.org had been meteoric. The crash would be, too…
It was at the Killarney retreat that May Boeve, the executive director and one of 350.org’s founders, announced that she’d hiked the organization’s annual budget to $25 million…But 350.org had never eclipsed $20 million in revenue in a single year. When it quickly became clear it wouldn’t that year, Boeve said she initially kept the information largely to herself…The fallout would lead to mass layoffs, departures, exhaustion, distrust and a protracted labor battle that exists to this day…
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